[Special Stock] Samsung Electronics and SK Hynix Weaken Early Amid US-China Dispute Concerns
The stock prices of semiconductor leaders Samsung Electronics and SK Hynix showed weakness in early trading on the 24th. This comes amid concerns that they could get caught up in the semiconductor dispute between the United States and China.
As of 9:33 a.m. on the day, Samsung Electronics was trading at 65,100 KRW, down 0.91% from the previous trading day, and SK Hynix was trading at 88,100 KRW, down 1.12% on the Korea Exchange.
The weakness in Samsung Electronics and SK Hynix's stock prices is attributed to foreign media reports that the U.S. government requested the South Korean government to restrain the expansion of Samsung Electronics and SK Hynix's sales to China.
According to major foreign media, citing sources familiar with the dialogue between the White House and the South Korean presidential office, the U.S. government made such a request to the South Korean government.
This U.S. request reportedly follows China initiating a security review this month targeting Micron, the largest U.S. memory semiconductor company.
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The global memory semiconductor market is dominated by an oligopoly of three companies: Samsung Electronics, SK Hynix, and Micron.
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